Senate Republicans chooses Wall Street OVER taxpayers

Discussion in 'Congress' started by Bfgrn, May 19, 2010.

  1. Bfgrn
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    Bfgrn Gold Member

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    Senate Republicans blocked Democrats from voting on three amendments Tuesday that are strongly opposed by Wall Street.

    Sen. Richard Shelby of Alabama, the top-ranking Republican on the Banking Committee, rose to object to a vote on one of the most talked-about amendments, cosponsored by Sens. Carl Levin (D-Mich.) and Jeff Merkley (D-Ore.). Levin-Merkley would ban commercial banks from trading for their own benefit with taxpayer-backed money.

    Shelby also objected to an amendment from Sen. Kay Hagan (D-N.C.) that would rein in predatory practices of payday lenders and one from Sen. Byron Dorgan (D-N.D.) that would have banned naked credit default swaps, which were at the heart of the financial crisis.

    Wall Street lobbyists, and consequently Senator McConnell and the Republicans, want to kill the Merkley-Levin amendment by attrition because they're afraid of losing a vote.

    If this isn't a sign of the Republicans having the backs of the big banks on Wall Street over the American people, I don't know what is."

    Whole article...

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  2. martybegan
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    martybegan Platinum Member

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    I love rhetoric like this. So if wall street people arent americans what the hell are they?
     
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  3. hortysir
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    hortysir In Memorial of 47

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    :lol:

    Meanwhile the Demo-Libs block a bill that would stop funneling an endless stream of cash to Fannie and Freddie:

    Congress.org - : Key Votes

    So, nanner-nanner-boo-boo :p
     
  4. Bfgrn
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    Bfgrn Gold Member

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    Yea sucker, corporations are people too...

    There are 2 types of Republicans; millionaires and suckers.
     
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  5. Barb
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    Barb Carpe Scrotum

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    douche bags, one and all.
     
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  6. California Girl
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    California Girl BANNED

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    Is Obama still smarting cuz Wall Street refused to attend the recent Democrat Fundraiser in NYC.

    After vilifying Wall St, the Dems have the balls to ask them for money and are surprised when Wall Street says 'fuck you'? Perhaps they should stop vilifying and scapegoating others and take some responsibility for their own fuck ups?

    Are the Democrat base all stupid?
     
  7. Oddball
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    Oddball BANNED Supporting Member

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    Yes.
     
  8. Truthmatters
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    Truthmatters BANNED

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    HAHAHAHAHAHAHAHA,

    Jesus , you are sooo desperate to defend the people who caused this mess for the American people .
     
  9. Stephanie
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    Stephanie Diamond Member

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    Are liberals from the Democrat party all just useful sheep for the party?

    sheesh.
     
  10. Barb
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    Barb Carpe Scrotum

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    Their own fuck ups?

    That's like blaming the maid because you stained the sheets.
     

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